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Colibri Option Partner Samples up to 8.3 g/t Au in Trenches in Areas Outlined for Bulk Sample at the Pilar Gold & Silver Project in Sonora
Dieppe, New Brunswick--(Newsfile Corp. - February 23, 2023) - Colibri Resource Corporation (TSXV:...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Option Partner Samples up to 8.3 g/t Au in Trenches in Areas Outlined for Bulk Sample at the Pilar Gold & Silver Project in SonoraDieppe, New Brunswick--(Newsfile Corp. - February 23, 2023) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to report that its option partner Tocvan Ventures (CSE: TOC) has announced a series of high grade gold assays retrieved in trenches as part of its preparations to complete the forthcoming bulk sample at the Pilar Gold & Silver Project in Sonora, Mexico.\"Our option partners have again demonstrated widespread, consistent, and well above average grades of gold in oxidized material at Pilar. A baseline has been set for the near term bulk sample test at Pilar and we look forward to reviewing the results over the coming months,\" said Ron Goguen, Chairperson & CEO of Colibri.Tocvan is in year 4 of a 5-year agreement to earn an initial 51% of Colibri's Pilar Gold & Silver Project. For full details of Colibri's agreement with Tocvan please see the Company's news release dated September 24th, 2019.Tocvan News Release: (February 23, 2023 - Select excerpts)HighlightsGold values averaging 1.4 g/t, reported up to 8.3 g/t AuSilver values averaging 11 g/t, reported up to 65 g/t AgResults will guide Bulk Sampling to produce a representative blend of material from surface at PilarCalgary, Alberta - February 23, 2023 Tocvan Ventures Corp. (CSE: TOC) (OTCQB: TCVNF) (FSE: TV3) (the \"Company\"), is pleased to announce the results from surface channel sampling across areas being prepared for the excavation of material for a Bulk Sample at its Pilar Gold-Silver Project in Sonora, Mexico. Channel sampling was completed every 5-meters perpendicular to exposed mineralization and alteration at surface along the Main Zone and 4-T trends. Eight locations were sampled to test varying levels of exposed mineralization, all eight trench locations returned anomalous gold and silver values. At the Main Zone, trench TR-2023-01, seven samples over a 35-meter trend returned an average grade of 2.2 g/t Au and 14.2 g/t Ag, ranging from 8.3 g/t to 0.1 g/t Au (see Table 1 and Figure 1). Along trench TR-2023-02, five samples over a 20-meter trend returned an average grade of 2.8 g/t Au and 9.5 g/t Ag, ranging from 7.1 to 0.7 g/t Au. Trench TR-2023-07 consisted of five samples a...